[embolism]

Taxes are usually linked to property value, not land area.

[scotty79]

If you own 1/1000 of property the tax is low.

[scotty79]

@embolism: Apartment costs more than a house in the same spot?

If 1000 people share ownership of multistorey building also the land the building stands on, also the land tax, also roof, walls, infrastructure, it's bound to be far cheaper than 5 houses with 20 people at most occupying same space.

[embolism]

No - an apartment usually costs more per sq metre than a house.